Short put in DY

27 thg 2, 2019

Was reading up some on Dycom before earnings and was tempted to trade pre-earnings and am I glad I waited for some opportunity. Sold a put at the 35 strike today for 1.30 and a bit further out in time (114 days) the longer dated trades I do are usually when I am more bullish and use it as opposed to selling 2 lots so that I can defend better, should I have to average down. This could turn into a wheel trade--where I get assigned the stock and then sell calls. I can still roll out in time if I get nervous due to DY falling out of bed but will still have to buy 100sh at $35. This has been my "goto" set up for years......until the market breaks anyways. Try to make money from a drop in price and increased volatility and then hopefully back into cash. Wish me luck

28 thg 2, 2019

Giao dịch được đóng thủ công

Closed this short put for .90 debit today as the stock has bounced some. Approx 30% in a day is good enough for me and being as I went further out would or could have a lot happen in that time.